What is the estimated land area of Chuan Park?
History and Etymology
Construction on the road commenced in 1963, and it officially opened to traffic sometime between 1964 and 1965.
The area, which once featured extensive farmland and traditional kampungs, underwent significant transformation with this development.
The name " Lorong Chuan " reflects a blend of cultural influences: " Lorong " is derived from Malay , meaning a lane or alley , indicating a small street or pathway. " Chuan , " on the other hand, is a Hokkien term meaning " fountain , " which carries auspicious connotations of Wealth and Prosperity.
This combination not only highlights the multicultural heritage of the region but also evokes a sense of growth and affluence , aligning with the area's evolution from rural farmland to a more developed landscape.
Source:https://en.wikipedia.org/
Embrace the pinnacle of urban sophistcation at THE CHUAN PARK , a Premier development by reputable developer Kingsford.
Sitting on the Large land size of approximately 400,589sqft/ 37,216sqm.
This beautiful plot of land will be transform into an estimated
916 units comprising of
3 blocks of 22 storey and
2 blocks of 19 storey residential units.
The Development will have an estimated 2 - 5 bedrooms type with communal landscape deck , Basement carpark , Swimming pool , C ommunal facilities and 2 shops.
* disclamier: Estimated school distances subject to changes
Source: PropNex Investment suites
If we could reverse time and revisit the opportunity to invest in property in District 19 near an MRT station 10 years ago, it's crucial not to overlook the potential benefits of seizing such an opportunity.
Let's break down the reasons why:
1. ** Historical Price Trends :** Looking at the historical price trends, property prices in District 19 have shown consistent appreciation over the past decade. Both new and resale properties have experienced significant increases in price per square foot. This historical data indicates the potential for substantial returns on investment.
2. ** Market Dynamics :** District 19, especially properties near MRT stations, tends to be highly sought after due to its convenience and accessibility. As urbanization continues and transportation infrastructure remains crucial, properties in such locations are likely to maintain or increase their value over time.
3. ** Comparative Advantage :** Comparing the potential gains from investing in property 10 years ago to today's prices highlights the missed opportunity for substantial profits. Whether it's new or resale properties, the potential for capital appreciation is significant, offering investors a chance to build wealth through real estate investment.
4. ** Future Outlook :** Considering the ongoing development and urbanization trends in Singapore, the demand for well-located properties is expected to persist. Investing in District 19 near an MRT station not only provides current value but also positions investors for future growth and potential rental income.
5. ** Risk Mitigation :** Real estate is often considered a stable and tangible asset class, offering investors a hedge against inflation and market volatility. By seizing the opportunity to invest in property 10 years ago, investors could have diversified their investment portfolio and mitigated risk through property ownership.
In conclusion, the opportunity to invest in property in District 19 near an MRT station 10 years ago represents a valuable chance for wealth creation and financial security . By recognizing the potential gains and market dynamics, investors can avoid missing out on such opportunities and make informed decisions to capitalize on the growth potential of real estate.
TOP 10 DISTRICT 19
Q1 (AVG PSF)
Source: PropNex Investment suites
Jaime Tan
CEA NO. : R069041F
Disclaimer:
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.